Cardinal Point Capital Management ULC Raises Holdings in PIMCO Multi Sector Bond Active ETF $PYLD

Cardinal Point Capital Management ULC lifted its stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 4.8% during the second quarter, Holdings Channel reports. The institutional investor owned 914,827 shares of the company’s stock after acquiring an additional 41,497 shares during the quarter. PIMCO Multi Sector Bond Active ETF makes up approximately 1.9% of Cardinal Point Capital Management ULC’s investment portfolio, making the stock its 12th largest position. Cardinal Point Capital Management ULC’s holdings in PIMCO Multi Sector Bond Active ETF were worth $24,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in PYLD. Golden State Wealth Management LLC grew its position in shares of PIMCO Multi Sector Bond Active ETF by 12.3% in the first quarter. Golden State Wealth Management LLC now owns 16,925 shares of the company’s stock valued at $446,000 after purchasing an additional 1,848 shares in the last quarter. Cozad Asset Management Inc. grew its position in shares of PIMCO Multi Sector Bond Active ETF by 14.7% in the first quarter. Cozad Asset Management Inc. now owns 31,470 shares of the company’s stock valued at $829,000 after purchasing an additional 4,040 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in PIMCO Multi Sector Bond Active ETF by 19.1% in the first quarter. Sequoia Financial Advisors LLC now owns 3,556,648 shares of the company’s stock worth $93,718,000 after acquiring an additional 570,359 shares during the period. Cherrydale Wealth Management LLC grew its position in PIMCO Multi Sector Bond Active ETF by 8.5% in the second quarter. Cherrydale Wealth Management LLC now owns 136,523 shares of the company’s stock worth $3,623,000 after acquiring an additional 10,748 shares during the period. Finally, Flynn Zito Capital Management LLC grew its position in PIMCO Multi Sector Bond Active ETF by 356.4% in the first quarter. Flynn Zito Capital Management LLC now owns 320,509 shares of the company’s stock worth $8,445,000 after acquiring an additional 250,276 shares during the period.

PIMCO Multi Sector Bond Active ETF Stock Performance

Shares of PIMCO Multi Sector Bond Active ETF stock opened at $26.93 on Friday. PIMCO Multi Sector Bond Active ETF has a fifty-two week low of $25.42 and a fifty-two week high of $26.98. The stock has a 50 day moving average of $26.75 and a 200 day moving average of $26.38.

About PIMCO Multi Sector Bond Active ETF

The PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a multi-sector portfolio of fixed income instruments issued by various US and non-US public or private-sector entities. The fund has no maturity and credit rating limitations.